$1,900 Per Month
- 3 Beds
- 1 Bath
- 1,225 Sq Ft
- Condo for Rent
104 Federal St Unit A, Milton, DE 19968
2nd floor apartment in downtown Milton. Available early July
Adriane Gallagher Berkshire Hathaway HomeServices PenFed Realty
Frequently Asked Questions
How much does it cost to rent a condo in Milton, DE?
The median rent for a condo in Milton, DE is $1,850 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Milton, DE?
To comfortably afford the median rent in Milton, DE, a household needs to earn roughly $82,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,050 per month in Milton, DE, renters typically need to show $6,150 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Milton, DE?
In Milton, DE, the price-to-rent ratio is 20.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
